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The problem with working for an active asset manager now
It is no secret that many fundamental hedge funds and traditional asset managers have struggled of late. A toxic cocktail of underperformance, high fees, increased regulatory scrutiny and disruptive...
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Seven things J.P. Morgan’s Q3 results are saying about your job in banking
J.P. Morgan’s Q3 results suggest that investment bankers shouldn’t be feeling too pessimistic. If you work in JPM’s corporate and investment bank, the results were very good – its best Q3 ever, in...
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“I quit BlackRock at 24, to run my own $100m VC fund. Here’s how”
Millennials going into financial services jobs now often have a plan about what they want to do next, rather than an intention to move up the ranks. For Abbas Kazmi, that process started by accepting a...
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All those equities hires at Citi have yet to pay off
Citi’s build out of its equity trading division hasn’t been going to plan. Equity trading revenues are expected to be hit across most investment banks during this Q3 reporting season, but Citi’s 34%...
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This 24-year-old moved from the world’s biggest asset manager to raise a...
Millennials going into financial services jobs now often have a plan about what they want to do next, rather than an intention to move up the ranks. For Abbas Kazmi, that process started by accepting a...
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Candidates reject 20% pay rises as “fear” grips Asian banking job market
Employed banking professionals in Asia are now more reluctant to change jobs than at any stage since the financial crisis, according to recruiters. And even bumper pay rises are failing to lure...
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Morning Coffee: What happens if Deutsche dumps its U.S. investment bank? Pay...
Deutsche’s U.S. investment bank punches above its weight when it comes to fines and below its weight when it comes fees. The discrepancy hasn’t been a problem until now, but thanks to the crippling...
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Banks could save $1bn if trading jobs stay in London post-Brexit
Financial services professionals are moving out of London. So far, however, the exits do not involve a) traders, or b) people forcibly relocated by banks. The two most recent movers are in-house...
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Goldman Sachs, J. P. Morgan or Morgan Stanley – which has the best internship?
By and large, if you want to work for a large investment bank, you must complete a summer internship first. Now is the time to be polishing up an application in time for the 2017 intake. As well as...
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Why traders at Bank of America, J.P. Morgan and Citi won’t get paid
If you’re a fixed income trader and you’ve seen the third quarter results from J.P. Morgan, the third quarter results from Citi and the third quarter results from Bank of America, you will be asking...
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The perfect cover letter for getting an asset management job
People often give a short shrift to cover letters, or they spend time writing one and don’t update it, and asset management professionals are no exception. However, together with your resume, cover...
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Chinese banks hiring almost 20% of Hong Kong staff from global firms
Chinese banks are routinely touted by recruiters in Hong Kong as virtually the only viable job option for people recently laid off from global banks. As we reported last month, several Chinese...
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Rivals target ABN AMRO’s private bankers as it considers Asian wealth exit
If you work at a private bank in Asia whose business is showing signs of weakness, consider yourself a prime target to be poached by a rival firm. Standard Chartered, for example, has snapped up 10...
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Morning Coffee: Goldman Sachs quietly decided to halve its layoffs. What...
Did something change? After all the agonizing over Goldman Sachs’ decision to layoff “up to 30% of its investment bankers in Asia'”, it seems the firm has had a change of heart. The Wall Street Journal...
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The 20 best-paying hedge funds in the UK
What can you earn working for a top hedge fund in London these days? The gleaming offices in Mayfair might not be enjoying the best of times right now – with performance issues, investor redemptions...
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Five reasons why Goldman Sachs is trailing J.P. Morgan
On the face of it, Goldman Sachs has joined the Q3 revenue party that has led to a renewed sense of optimism on U.S. investment banks. But while J.P. Morgan throws some wild shapes on the dancefloor,...
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Morgan Stanley IBD analyst quits for the NHS
It’s been said so often that it’s become a modern-day cliché. Bankers (allegedly) are all about self-gratification; healthcare professionals are all about the greater good. Is this why people are...
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This is what banks in Singapore really pay their accounting and finance staff
If you’re a banking sector accountant in Singapore searching for a new job or looking for a promotion, it’s useful to know what sort of salary you should be aiming for. We’ve reviewed recent base pay...
View ArticleLaid-off expat bankers can’t afford to stay in Hong Kong for long
Expatriate bankers in Hong Kong have been badly affected by the layoffs currently sweeping the city’s finance sector. And they now face a race to find new roles before Hong Kong’s high living costs...
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Morning Coffee: How to work for a hot new hedge fund without leaving your...
Since investment banks were forced to close their prop trading desks, the hallowed route out to the buy-side has been much tougher. Meanwhile, simply quitting to start your own hedge fund is,...
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